Consumers 'turning to van leasing'.
Wednesday 24 February 2010 Back to Blog
More people are turning to van leasing as an alternative to buying a vehicle, an insurance company has claimed.
According to van insurance specialists Staveley Head, van leasing is becoming an increasingly attractive option thanks to the range of benefits it offers.
The company said that this is particularly the case thanks to high interest rates for van finance.
A spokesman for Staveley Head said: "We are finding that an increasing number of our clients are turning to vehicle leasing rather than purchase because it holds a number of advantages. Depending on the deal they may not have to find a large deposit, thus helping their cash-flow. They save the cost of the interest on a loan and repairs and servicing may be included in the agreement."
He added that other benefits include the possibility of a better deal for those with a poor credit history and the fact that van users get a new vehicle for their business which can then be exchanged for a current model at a later date.
Latest figures from the Society of Motor Manufacturers and Traders show that new van registrations in January were down 33.2 per cent for the rolling year.